Loomis Sayles & Co. L P Acquires 768,169 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Loomis Sayles & Co. L P raised its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 85.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,668,331 shares of the company's stock after purchasing an additional 768,169 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.21% of Mobileye Global worth $22,856,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock valued at $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Mobileye Global by 63.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company's stock worth $206,000 after acquiring an additional 5,819 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Mobileye Global during the 3rd quarter worth approximately $1,405,000. Quest Partners LLC bought a new stake in Mobileye Global in the 3rd quarter valued at $102,000. Finally, BCGM Wealth Management LLC lifted its holdings in Mobileye Global by 178.0% during the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company's stock valued at $2,611,000 after purchasing an additional 122,031 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Daiwa America cut shares of Mobileye Global from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 5th. Barclays decreased their target price on Mobileye Global from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. UBS Group cut Mobileye Global from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $20.00 to $14.00 in a report on Friday, October 4th. Loop Capital assumed coverage on Mobileye Global in a report on Tuesday, November 12th. They issued a "buy" rating and a $20.00 price objective on the stock. Finally, Daiwa Capital Markets downgraded Mobileye Global from a "buy" rating to a "neutral" rating in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $23.14.

Mobileye Global Trading Up 0.6 %

NASDAQ:MBLY traded up $0.11 on Wednesday, hitting $18.03. The company had a trading volume of 3,123,480 shares, compared to its average volume of 5,105,512. The firm has a 50 day moving average of $14.15 and a two-hundred day moving average of $19.14. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of -4.92 and a beta of 0.07. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48.

Mobileye Global Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.